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The Litecoin Foundation announced that it was partnering with MeconCash to allow LTC to be withdrawn in Korean won (KRW) at over 13,000 ATMs in the country. The announcement was made on the 28th of February 2020. This partnership gives LTC holders access to quick cash while being able to send remittances from overseas to South Korea. According to the terms of the partnership, LTC will be integrated into MeconCash’s M.Pay payments platform. The LTC coin shall be an acceptable…

The crypto-exchange services provider Bitfinex has announced earlier today that it experienced a denial-of-service (DDoS) attack. As a result of the attack, its website and services were forced to go offline in a majority of regions in just under an hour. The Exchange has otherwise announced a resumption of services on its platform. Comparatively more powerful protection has also been set up as a result in a bid to lessen the repeat of such an attack. This is according to…

David Schwartz, Ripple’s CEO, says Bitcoin, XRP, and other distributed ledgers will continue to evolve slowly with great care and thoroughness.  Schwartz was speaking in the web series Ripple Drop. He also talked about the XRP Ledger’s unharried improvement, which started with a few nodes in 2011. Still, it is now utilized to power international payment transactions involving billions of dollars. Over the years, the XRP experienced significant changes in less than a decade; however, Shwartz insisted that blockchain systems’…

Currently, the BTC/USD pair is moving from its weekly drop at $8512. However, the Bitcoin price faces many significant barriers close to $9k, and it might turn to the downside. This week, a powerful downward move to the downside under $9k and $8.8k occurred. The pair even continued under the support at $8680 and established under the 100 hourly SMA. The pair then formed a new low close to $8512, and it is currently correcting losses. A Look at the…

Coinbase recently tested Clearview, AI facial recognition technology, according to the BuzzFeed News report. However, the exchange refuted claims that it used customer data for the test. Coinbase has over 20 million views every month and more than 30 million total accounts. The firm started scrutinizing Clearview following a New York Times article that shows its database of more than three billion images, scraped from various websites and social media platforms. Challenges Facing Clearview AI Recognition Facebook, Google, and Twitter…

Recently, a whale moved a significant amount of Bitcoin on the Bitcoin Network. These bitcoins withdrawn from Bittrex amounted to 47 452 BTC, equivalent to 414 million, and the transfer fee was only $0.68.  The Whale Alert recorded the movement of this massive amount of Bitcoin earlier today. The address that received the Bitcoins quickly moved the funds to another address.  BTC Transaction Fees are Decreasing Over the Years It looks like Segwit is trying to bring down fees since…

Recently, Ethereum dropped by 10.54% from $240.47 to $215.13 in three hours. During the collapse, there were liquidations valued at millions of dollars on the BitMEX platform. According to data by Skew, massive liquidations occurred between the 26th of February and early on the 27th of February. Initial liquidations happened at about 16:00 UTC when Ethereum valued at $3 million (longs) liquidated on BitMEX. Seven hours later, liquidation worth $2.5 million occurred. The aggregated sell and buy liquidations recorded were…

One of the concerns of crypto critics is their ability to allow people to do what they like against government regulations. A General in Iran (Saeed Muhammad) has suggested the utilization of crypto to bypass U.S. and UN sanctions. Saeed Muhammad is the commander of the Islamic Revolutionary Guard Corps that is under the Armed Forces of Iran. The country has been encountering sanctions from the United States over a long period, thereby disallowing her from participating in international trade.…

The XRP/USD pair is still dropping and showing signs of even bigger downtrends to below $0.2650. The pair hit the $0.2240 support zone, but there is also a likelihood of positive retracement in the near term.  Recently, the asset dropped significantly from $0.265, breaking several support zones near $0.2500, and 0.2450 thus setting a short term plunging-trend.  Later the pair continued to break beneath the 0.2350 support and settled below the 100 hourly SMA. This severe drop led to a…